government

Leadership

Trump eyes Herman Cain for Fed board seat

The nomination of the former Godfather’s CEO is controversial because of his abbreviated run for the presidency in 2012.

Financing

McDonald’s shift on the minimum wage will have little impact

Though the company’s decision to stop lobbying against hikes was notable, increases have had all the momentum for years, says RB’s The Bottom Line.

In the 1980s, executives remarked offhandedly that an increase would be no big deal. Not everyone sat back in passive acceptance.

Resistance to new laws and regulations is being countered with calls on some fronts for new government action.

Starting July 1, all businesses must accept bills and coins if that’s how the customer chooses to pay.

A formal proposal is expected sometime this month.

The new legislation also extends the "don’t ask, don’t get" requirement of state law to quick-service places, and puts restrictions on the inclusion of straws in off-premise orders.

DOL's Wage and Hour Division was instructed to no longer use that standard, despite a court challenge.

A bill introduced Wednesday with widespread support would also set

Sen. Bernie Sanders said he’ll introduce a bill in the Senate this week to institute the so-called living wage on a national basis. It has little chance of passing but could be a test that requires expected candidates for the top office to come out for or against it.

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